Reporting Environmental Risks in Contemporary Business Reality. From Mandatory Reporting to Integrated Management of Climate Risks.

Climate change has rapidly evolved from an environmental concern into one of the most significant sources of corporate risk. This book provides an in-depth examination of how climate-related disclosure and risk management practices have transformed in response to global sustainability imperatives and increasingly stringent regulatory requirements. Beginning with an analysis of climate change as a systemic and socio-economic threat, the book explores the theoretical foundations and traces the evolution from voluntary environmental reporting to the mandatory regime introduced under the Corporate Sustainability Reporting Directive (CSRD), the European Sustainability Reporting Standards (ESRS), and the International Sustainability Standards Board (ISSB) regulations. The second part of the volume moves from reporting to management, presenting an integrated framework for climate risk governance aligned with leading risk management frameworks — such as ISO 31000:2018 and the COSO-WBCSD Framework. Through a multidisciplinary approach bridging accounting, governance, and risk management, Reporting Environmental Risks in Contemporary Business Reality offers scholars, practitioners, and policymakers a comprehensive guide to navigating the transition toward climate-resilient and transparent corporate systems in the era of net-zero.